Tuesday the restaurant chain is filing bankruptcy to re-organize and stay in business."
"Tuesday's bankruptcy filing shows assets of $111 million while $65 million are intangible. Schlotzsky's owes creditors $72 million."
Business Credit Insurance
Links to information on Bankruptcy and recent news about businesses operating under, seeking, or even contemplating bankruptcy protection. For information on how to protect you business from the inability of your customers to pay unsecured credit visit Contact BCIB
* Process
* Chapter 7. Liquidation Under the Bankruptcy Code
* Chapter 13. Individual Debt Adjustment
* Chapter 11. Reorganization Under the Bankruptcy Code
* Chapter 12. Family Farmer Bankruptcy or Family Fisherman Bankruptcy
* Chapter 9. Municipality Bankruptcy
* Chapter 15. Ancillary and Other Cross-Border Cases
* SCRA. Servicemembers' Civil Relief Act
* SIPA. Securities Investor Protection Act
* Glossary - Terms You Need to Know
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